Riyadh – Mubasher: Arabia Insurance Cooperative Company (AICC) on Monday announced receiving an order from Aljomaih Group of Companies to provide general and motor insurance services for one year starting from 1 March 2021.
The insurer said the total value of the deal cannot be determined at the moment, yet expected the insurance premiums for the contract to exceed 5% of the company's revenues for 2019, according to a bourse statement.
The contract is likely to have a positive impact on Arabia Insurance’s financial results for 2021.
